Things to watch, what to know, in your apartment operation
Tag: Apartment Watch
Multifamily property prices and transactions down again
CoStar reported that its value-weighted index of multifamily property prices fell 7.0 percent year-over-year in February 2023. This index was down 1.4 percent month-over-month,...
Biden’s veto of Congressional WOTUS resolution a blow to housing affordability
Alicia Huey, chairman of the National Association of Home Builders (NAHB) and a custom home builder and developer from Birmingham, Ala., today issued the...
Rent growth in spring thaw
Yardi Matrix reported that national average apartment rent increased $3 in March to $1,702 per month. This follows two months where Yardi Matrix had...
MBA forecasts slowdown early in 2023
The Mortgage Bankers’ Association (MBA) recently released its Q4 2022 quarterly databook which contains updated forecasts for key economic metrics through 2025. It still...
Multifamily job openings rise in February despite overall decline
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in February...
Seattle’s Fair Chance Housing Ordinance largely upheld
A three-judge panel of the 9th Circuit Court of Appeals has struck down one provision of Seattle’s Fair Chance Housing Ordinance while leaving key...
Multifamily construction spending rises while single-family falls
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in February was up 1.4 percent...
Rent growth rises heading into spring
The latest rent report from Apartment List shows that the national average monthly rent growth in March was a positive 0.5 percent, up slightly...
SCOTUS grants major victory for property rights
The U.S. Supreme Court announced that two property owners in Montana will have their day in court to prove that the U.S. Forest Service...
Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 2.7 percent in February from their level...
Market conditions begin to improve, though costs and delays remain significant
The March edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity once again found small improvements in terms of more limited...
Fannie Mae forecasts later recession
Fannie Mae’s March economic and housing forecasts shift the timing of the expected recession to later in 2023 than predicted in recent forecasts. This...
GSEs supply most new multifamily mortgage debt in Q4
A Mortgage Bankers Association (MBA) report shows that the government sponsored entities (GSEs), Fannie Mae and Freddie Mac, accounted for most of the growth...
New home sales remain relatively flat in February
Higher mortgage rates and home prices, as well as increased construction costs contributed to lackluster new home sales in February, but signs point to...
NMHC, NAA release apartment industry’s 2023 policy priorities
The nation's housing supply imbalance and related affordability issues top the list of 2023 apartment industry policy priorities released by the National Multifamily Housing...
